Cable Update (GBPUSD)

Quoting Nordling00

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{quote} I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says: "...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021." So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why...

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Quoting Nordling00

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{quote} I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says: "...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021." So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why...

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Quoting mysterio

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{quote} I can't disagree with what you said but most on here are day traders so can turn on a dime. Pullbacks can last a while. We're in an extremely strong buying level on the dollar that has held for 6 years so why miss the opportunity to grab potentially 100s of pips on the cable down move? We'll buy again when the time is right but it's not now IMHO.

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Quoting Bones

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{quote} you have to let it play out ,like a gerbil your heart beats fast...be careful ignoring data around this level. {image} {image} {image}

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Quoting Pretense

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{quote} I never bother reading the minutes, I just wait for the market to decide what direction it's going to take and jump along for the ride, but I will read summaries in my broker news feed "The minutes showed that there are prospects for adjustments to the pace of purchases if the economy continues to make rapid progress towards the Committee's goals. Some officials saw taper talk starting at upcoming meetings but note that the economy remains far from its goals. Nevertheless, it was a hawkish enough set of minutes to support a bid in the greenback...

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Quoting Nordling00

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{quote} Hahaha Well tbh yeah i am a bit early to talk. But im 20 y.o after all i can't help this impatience sometimes. I am very confident that i will be right again like i was last month though

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Quoting Bones

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{quote} well lest see , trust me I am impressed I think the daily is trustworthy ,which could lead to weekly {image} {image}

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Quoting Sang.Real

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{quote} I think this spot is nice to land over this weekend. There's a bump tomorrow, just watch out If we get lucky to continue scalping tomorrow. Sang Real {image}

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Quoting Bones

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so old school is engulf , tweezer bottom through 9 maybe worth noting last weekly was an inverted {image}

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Quoting Pipa1

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On Asian will go deeper with the help of GBPJPY. and GBPAUD , AUD waiting news.

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Quoting KiwiTrada

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{quote} yes Aussie data will give good indication of usd position!! 8minutes

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Quoting Pipa1

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{quote} AUD pushing up already, i can see GA shaking

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Quoting KiwiTrada

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{quote} au data does not reflect au reaction, usd took a small hit, will see what hrly and 4hrly print for true read

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Quoting Sang.Real

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{quote} GU Scalping position as it is. {image}

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